The health care system in ________ is referred to as a single-payer health care system, and is a system in which the government provides national health insurance to all residents
A) Canada B) Japan
C) the United Kingdom D) the United States
A
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A financial system is a means of bringing together savers and borrowers.
Indicate whether the statement is true or false.
A monopoly is a firm that is the only seller of a good or service that does not have
A) a close complement. B) a close substitute. C) a patent. D) a barrier to entry.
Game theory is used in a number of areas in economics. What is the primary reason that it is used in analyzing oligopoly type market structures?
a. The firms are producing a similar product b. The firms are producing differentiated products c. The demand curve facing the oligopolistic firms is perfectly inelastic d. The mutual interdependence of firms in industries with a small number of firms e. The demand curve the oligopolistic firm faces is downward sloping
Clara states that "there is a high correlation between the level of people's education and the level of their income." Ellie replies that the correlation occurs because "more education is the best way to earn more income in this country."
a. Both Clara's and Ellie's statements are positive b. Clara's statement is normative and Ellie's statement is positive c. Both Clara's and Ellie's statements are normative d. Clara's statement is positive and Ellie's statement is normative